A Company Had Beginning Inventories as Follows: Direct Materials, $300;

question 102

Multiple Choice

A company had beginning inventories as follows: Direct Materials, $300; Work-in-Process, $500; Finished Goods, $700. It had ending inventories as follows: Direct Materials, $400; Work-in-Process, $600; Finished Goods, $800. Material Purchases net were $1,400, Direct Labor $1,500, and Manufacturing Overhead $1,600. What is the Cost of Goods Sold for the period?

• A) $4,100.
• B) $4,200.
• C) $4,300.
• D) $4,400.

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Definitions:

Tables of Ranks

An official hierarchy established in Russia by Peter the Great in 1722, categorizing military, governmental, and court officials into 14 ranks, aiming to create a merit-based society.

Monarch

A sovereign head of state, especially a king, queen, or emperor, who typically inherits the position by birth and rules for life or until abdication.

Nobles

Nobles are individuals of high birth or rank, typically part of the aristocracy, who historically possessed certain privileges and held significant political, economic, and social power.

Artistic Style

A distinct manner or technique in artistic expression or execution that identifies the work of an individual artist or a group of artists.